Property Information
Address:
South Essex
, RM12
Price: Property no longer available.
Size: 900 sq ft84 sqm
Primary Category: Restaurant
All Categories:
Leisure, Restaurant,
Property Ref/Movehut: MH545757
Property Ref/Agent: BT4/03
*Please use the agent ref when calling the agent directly.
Property description
DESCRIPTION/LOCATION
Superb restaurant offering Indian food but being equally suitable for other cuisines. The Planning Use is for A3 & A5 and therefore the restaurant can provide take-away meals. It is ideally located being close to a railway station and has good communal parking facilities in the evening. Overheads are extremely low as the landlord is seeking a rent of £10,700 per annum exclusive. The premium which the business owner is asking includes all fixtures and fittings plus stock at valuation. The present owner has been trading for 25 years.
ACCOMMODATION briefly comprises:
* MAIN SEATING AREA – 607 sq.ft (56.43m²) providing 60 covers but this could easily be increased to 70
* KITCHEN - 292 sq.ft (27.15m²) Fully fitted with kitchen equipment
* W.C. FACILITY plus MODERN DISABLED W.C. FACILITY
* AIR CONDITIONING
* COMMUNAL PARKING TO FRONT
RENT
£10,700 per annum exclusive.
TERM
New lease up to 20 years (renewable) with 4 year rent reviews.
TURNOVER
Details can be provided to genuine applicants.
TRADING HOURS
Sunday to Thursday – 5pm to 11.30pm
Friday & Saturday – 5pm to Midnight
LEGAL COSTS
Ingoing tenant to be responsible for landlord’s reasonable legal costs.
RATING
We are informed by the Valuation Office website that the rateable value for the restaurant as of 1st April 2017 will be £10,250. For certain business owners there will be no business rates payable but interested parties must make their own enquiries of and application to the Local Authority within six months of taking occupation.
SERVICES
Although we understand that mains gas, electricity and water are available, we would recommend that all interested parties check with the relevant statutory authorities as to the existence, adequacy or otherwise of these services for their own purposes.
PLANNING
We are advised that A3 (Hot Food Restaurant) & A5 (Take-away) Consents have been granted but interested parties should make their own enquiries of the Local Authority.
PREMIUM
A premium of £70,000 for these valuable leasehold premises.
VIEWING
Strictly by prior appointment with H. C. Blake and Company.
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